These 3 Initiatives Will Power Growth at Home Depot Inc for Years to Come
Longtime Home Depot (NYSE: HD) investors can be forgiven if they are a bit spoiled. After all, it's hard to pick a time frame in which the stock price hasn't trounced the market. Over the past five years, shares have increased over 150%, while the S&P 500 has failed to put up even half those gains. Go back ten years or even further and that gap only widens.
Like any successful business, Home Depot has had to find new ways to continue to stay ahead of competitors like Lowe's Companies. And in recent quarters, the company has consistently highlighted three major objectives: 1) refining the customers' interconnected experience by seamlessly blending the digital and physical retail worlds; 2) launching innovative and exclusive home improvement products; and 3) increasing the efficiency of its supply chain. Let's take a closer look at each of these to better understand what's driving this business.
Source: Fool.com
Home Depot Inc. Stock
The stock is one of the favorites of our community with 41 Buy predictions and 4 Sell predictions.
As a result the target price of 360 € shows a slightly positive potential of 16.24% compared to the current price of 309.7 € for Home Depot Inc..
